Minimum Monthly Guarantee definition

Minimum Monthly Guarantee means the minimum amount payable by the Lessee to the Administration on a monthly basis.
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Minimum Monthly Guarantee or “MMG” shall mean the absolute amount on a monthly basis, computed by dividing MAG for a Concession Year by twelve.
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Minimum Monthly Guarantee. Means the minimum monthly salary to be paid to a Cabin Attendant in accordance with Article MO" Means a calendar month, except that other than leap, be the period from January to March inclusive and in leap year February shall be the period from January to February 29th. inclusive.
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Examples of Minimum Monthly Guarantee in a sentence

  • This vacation pay shall be added to the greater of Bid Monthly Pay under Article 3.C or the applicable Minimum Monthly Guarantee.

  • The Crew Member will not participate in the bidding process for the Bid Month, and shall receive the applicable Minimum Monthly Guarantee.

  • Hours worked on a GDO will always count as credit in addition to the Minimum Monthly Guarantee, but are not counted in hours worked when calculating overtime hours.

  • This vacation pay shall be added to the greater of Bid Month Pay under Article 3.C. or applicable Minimum Monthly Guarantee.

  • Any such vacation pay in lieu of time off shall be paid at a rate of one hundred fifty percent (150%), and will be added to the greater of Bid Month Pay under Article 3.C. or the applicable Minimum Monthly Guarantee.

  • When a Crew receives fourteen (14) Days or more of training in a Bid Month to include ground school training, simulator training, simulator support, or simulator checking associated with training, the Crew Member will be credited and paid Minimum Monthly Guarantee.

  • Except as otherwise provided for in this Article 3.B., a Crew Member who is available for Work on each Day that he is scheduled for duty during the Bid Month shall be entitled to receive a Minimum Monthly Guarantee of sixty-four (64) hours of pay at his applicable hourly wage rate.

  • Reserve Blockholders will not have their Minimum Monthly Guarantee reduced for the days that they attend Annual Recurrent Training.

  • For any month in which jury duty is taken, a Crew Member shall be paid for trips flown, or Minimum Monthly Guarantee, whichever is greater.

  • If a Crew Member is in initial, transition or upgrade training for an entire Bid Month, he shall be paid the Minimum Monthly Guarantee under Article 3.B., above.


More Definitions of Minimum Monthly Guarantee

Minimum Monthly Guarantee shall have the meaning set forth in Section 4.1 of this Agreement.
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Minimum Monthly Guarantee. Means the minimum amount of hours that an employee shall be paid in a month.
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Minimum Monthly Guarantee or shall mean the proration of the Minimum Annual Guarantee which is payable in twelve equal monthly installments.
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Related to Minimum Monthly Guarantee

  • Bid guarantee means the bid bond, cashier's check or certified check submitted as part of the bid proposal, payable to the contracting unit, ensuring that the successful bidder will enter into a contract.

  • Call Off Guarantee means a deed of guarantee that may be required under this Call Off Contract in favour of the Customer in the form set out in Framework Schedule 13 (Guarantee) granted pursuant to Clause 7 (Call Off Guarantee);

  • Subsidiary Guarantee means a Guarantee by a Subsidiary Guarantor of the Company’s obligations with respect to the Securities.

  • Swap Guarantee If so specified in the Supplement with respect to any Series, the guarantee issued by the Swap Guarantor in favor of the Trust substantially in the form attached as an exhibit to the Swap Agreement.

  • Maximum Annual Debt Service means as of any date of calculation the highest principal and interest payment requirements with respect to all Outstanding Bonds for any succeeding Bond Year except the Bond Year in which the Bonds mature and the year in which any mandatory tender for purchase of the Bonds occurs.